Nasdaq falls in volatile trading as traders struggle to find their footing after another hot inflation report

Posted on AllSides May 11th, 2022
From The Center

Stocks dipped on Wednesday, swinging between gains and losses as investors attempted to digest the latest U.S. inflation data.

The Nasdaq Composite fell 1.3%, the S&P 500 slipped 0.2% and the Dow Jones Industrial Average traded flat.

“I think there’s a hope, and I emphasize hope, that we’ve seen the peak in the rate of change in CPI,” said Peter Boockvar of Bleakley Advisory Group.

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